USD/JPY Discussion | Page 1944 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #38,861
  • Nov 5, 2013 7:23pm Nov 5, 2013 7:23pm
my indicators also suggest LONGS around these levels (98.400+) what do you guys think?
  • #38,862
  • Nov 5, 2013 7:31pm Nov 5, 2013 7:31pm
Quoting Peepo
my indicators also suggest LONGS around these levels (98.400+) what do you guys think?
Still some clear selling pressure as last 1hr bullish engulfing candle is getting blown up pretty badly. I'm thinking 98.35 (61.8% retrace of Tuesday's range & also monthly open price).
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #38,863
  • Nov 5, 2013 7:44pm Nov 5, 2013 7:44pm
Quoting zusch
{quote} Not sure how I could determine the accuracy of these opinions as you gave no definite timeframes. Good to keep an open mind to "infinite possibilities" but I find it is necessary to have a sense of general direction. So E/U clearly on the rack, but you say I'm wrong that it is headed lower? U/J does not = equities market. Correlations are fine and I use them to a certain extent, but remember 2 yrs ago when A/U was highly correlated to /ES? Now that correlation isn't even talked about anymore.


The Nikkei has a strong correlation to USD/JPY, go pull up a chart from 2010 until today with both aligned as data points. You can probably go even further back and see the same; one might even suggest going all the way back to 1989.

Who said AUD/JPY was correlated to the ES (S&P500)? The ES is American, the others being currencies of Australia and Japan, and your surprised nobody talks about this anymore? I would argue nobody should have been talking about it in the first place.

Edit: Sorry, I see it now as AUD/USD, but my opinion remains the same even though you do toss in the US Dollar.
  • #38,864
  • Nov 5, 2013 7:55pm Nov 5, 2013 7:55pm
Quoting seandean
{quote} The Nikkei has a strong correlation to USD/JPY, go pull up a chart from 2010 until today with both aligned as data points. You can probably go even further back and see the same; one might even suggest going all the way back to 1989. Who said AUD/JPY was correlated to the ES (S&P500)? The ES is American, the others being currencies of Australia and Japan, and your surprised nobody talks about this anymore? I would argue nobody should have been talking about it in the first place. Edit: Sorry, I see it now as AUD/USD, but my opinion remains...
Pretty sure Boy Wonder isn't talking about the correlation of U/J to Nikkei, he is taking about the correlation of /ES to U/J.

A/U and /ES bottomed together in late '08/early '09 and moved in tandem for a good period of time. Now A/U is going lower while /ES goes higher.

Maybe Boy Wonder thinks U/J has the same fate as A/U in terms of the correlation breaking and thus heading south, but I'd rather just follow price to tell me when U/J is ready to go down.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #38,865
  • Nov 5, 2013 9:42pm Nov 5, 2013 9:42pm
choppy PA hard to pick at the moment
  • #38,866
  • Nov 6, 2013 3:03am Nov 6, 2013 3:03am
Hello everyone. Considering D1 chart I'm (long term) short to 93-95 area
  • #38,867
  • Nov 6, 2013 5:11am Nov 6, 2013 5:11am
In any TF USDJPY is up....there is nothing in horizon to turn it down.....
The Market pays you to be disciplined
  • #38,868
  • Nov 6, 2013 5:21am Nov 6, 2013 5:21am
UJ have no problem at all with the trend, it's up. The problem is our lack of patience. We all want this train to start its engine and start rallying again, but it's still at the station waiting for other passengers to join in for a long ride.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,869
  • Nov 6, 2013 5:56am Nov 6, 2013 5:56am
i have no idea what is happening with eur/jpy and usd/jpy but i love h1 candle.... looks best way just do nothing at the moment...
  • #38,870
  • Nov 6, 2013 5:59am Nov 6, 2013 5:59am
Present situation : Nikkei futures points to positive opening; US10y notes <127 (yields above 2.5) ; DXY above 80.. Everything is fine for the (Chicago?) bulls, for now. I hope that tomorrow I'll be able to post a similar comment.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,871
  • Nov 6, 2013 6:26am Nov 6, 2013 6:26am
I am waiting patiently for an opportunity which may arise this Thursday or Friday for a reversal.
  • #38,872
  • Nov 6, 2013 6:28am Nov 6, 2013 6:28am
Quoting bikov
Present situation : Nikkei futures points to positive opening; US10y notes <127 (yields above 2.5) ; DXY above 80.. Everything is fine for the (Chicago?) bulls, for now. I hope that tomorrow I'll be able to post a similar comment.

All stars are aligned.....looks good.
  • #38,873
  • Nov 6, 2013 6:29am Nov 6, 2013 6:29am
Quoting bikov
Present situation : Nikkei futures points to positive opening; US10y notes <127 (yields above 2.5) ; DXY above 80.. Everything is fine for the (Chicago?) bulls, for now. I hope that tomorrow I'll be able to post a similar comment.
Nikkei futures usually move aling with US futures and stock direction. This may not always be the case but I bet my right nut that were the market to reverse course now and we to finish -200 on the DOW then Nikkei futures would flip a big u~turn
  • #38,874
  • Nov 6, 2013 6:38am Nov 6, 2013 6:38am
Quoting stylinex
{quote} Nikkei futures usually move aling with US futures and stock direction. This may not always be the case but I bet my right nut that were the market to reverse course now and we to finish -200 on the DOW then Nikkei futures would flip a big u~turn

S&P futures are green also and pointing for stronger opening. But you're right, it's like a weather at the mountains, it could change in a minute with severe consequences. But for now, let's enjoy in the sun .
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,875
  • Nov 6, 2013 6:51am Nov 6, 2013 6:51am
Freaking usdjpy is boring it's not moving.
  • #38,876
  • Nov 6, 2013 7:01am Nov 6, 2013 7:01am
Quoting forex_fairy
Freaking usdjpy is boring it's not moving.
you are right.did you short or long?
  • #38,877
  • Nov 6, 2013 7:59am Nov 6, 2013 7:59am
Quoting forex_fairy
Freaking usdjpy is boring it's not moving.
For real

We've been pretty range bound for a week now so a breakout to either side should create some volatility.

I'm short from 98.497, for what it's worth.
  • #38,878
  • Nov 6, 2013 8:07am Nov 6, 2013 8:07am
Morning all.

Waking up to basically nothing happening with U/J. Maybe US open will provide a jolt, but I'm impressed w/ bears for keeping this pair down. Will update when my daily candle closes in 8 hrs.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #38,879
  • Nov 6, 2013 8:19am Nov 6, 2013 8:19am
here my chart USD/JPY D1
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy Daily.png Size: 38 KB
  • #38,880
  • Nov 6, 2013 8:23am Nov 6, 2013 8:23am
My stop loss is at 98.87
315 traders viewing now